Given this was trading at 28 cents a week or two before this raising, it smells to me of people in the know that this raising was coming and they smacked the price down to fill their pockets at half price.
A red light special.
I thought the purpose of the lending facility was to minimise dilution and this was to kick in after the recent wells. Now apparently they are still finalising the facility after all this time???.
Once this recovers a bit, I'm out. "Cheap shares for the boys" isn't my scene.
FDM Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held